Technology

Insight / Millennial employees prepared to delegate to robots

Research involving 1,200 finance employees in the UK found millennials plan to use robots to avoid human interaction at work, while older workers only intend to use them to tackle tasks such as online filing

Audit / Venus: artificial intelligence in the boardroom

The gathering pace of technology means that machine learning and blockchain will soon make their presence felt at the top level of business, but there will still be a need for someone to hold the reins, argues David Venus FCIS

Insight / Rural communities left behind by Scottish broadband plan

Audit Scotland has warned that the Scottish government’s plans to provide fibre broadband access to 100% of premises in Scotland by 2021 will be ‘difficult to realise’ as geographical constraints and technology limitations slow progress

Insight / Expert panel to investigate digital economy competition

The Chancellor, Philip Hammond, has hosted the inaugural meeting of a new independent expert panel looking at competition in the digital economy which will be examining the potential legal and regulatory impact

Insight / Equifax hit with maximum UK data breach fine

Credit ratings agency Equifax has been fined £500,000, the maximum possible at the time, by the Information Commissioner’s Office (ICO) for failing to protect the personal and financial information of up to 15m UK citizens during a cyber-attack in 2017

Insight / MPs call for regulation of ‘Wild West’ crypto-currencies

The Treasury select committee is calling for greater regulation of what it describes as the ‘Wild West’ crypto-asset market, to address problems including hacking vulnerabilities, minimal consumer protection, and anonymity in their trading and use, which MPs say aids money laundering

Insight / Xero suffers major outage

Customers of leading accounting software Xero were venting their anger on Twitter yesterday after the cloud-based service suffered a 'network configuration' issue and was out of action for seven-and-a-half hours

Insight / IMF warns Marshall Islands against adopting digital currency

The International Monetary Fund (IMF) has warned the government of the Republic of the Marshall Islands (RMI) to be cautious about issuing a digital currency as a second legal tender and to ‘carefully consider the macroeconomic and financial stability risks’ inherent in such a move

Insight / HG Capital invests in Brightpay payroll software provider

Private equity firm HgCapital have invested an undisclosed sum in BrightPay, the Irish accounting and payroll software provider, ahead of government PAYE reform which will see Ireland move to real time reporting

Insight / EY tech investment pays off as revenue hits $34.8bn

The Big Four firm EY has announced record revenue figures which it claims are the result of intensive investment in emerging technologies as fee income rises by 7.4%

Insight / IRIS launches AI audit software

One of the UK’s leading accounting software providers has announced the launch of the first in a range of products that use artificial intelligence (AI)

Audit / Big tech could shake up the audit market

High-profile cases and the gathering pace of technology could mean that technology firms enter the audit market and disrupt the status quo, according to analysis by Source Global Research 

Insight / Pensions dashboard back on government agenda

The government has signalled it is to go ahead with plans to support a pensions dashboard, bringing together information about all of an individual’s pension pots in one place

Insight / Accountants expect technology transformation by 2028

Accountants are expecting to see the profession radically changed by 2028, with 96% predicting that technology is set to change their role within the next 10 years, according to research by information provider Thomson Reuters.

Insight / Cybersecurity tops risk list for audit chiefs

Cybersecurity worries continue to top the list of concerns for internal audit chiefs, according to research produced by seven European institutes of internal auditors, with warnings that businesses need to check more closely on outsourced or third-party elements of their IT supply chain
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